FSA Loans

FSA Loans

David Sparks Ph.D.
David Sparks Ph.D.
Agricultural Producers in Idaho Still Have Time to Apply for the Direct Farm Ownership Loan Program. Low-Interest Loans Can Help Producers Start or Expand Farms. The U.S. Department of Agriculture (USDA) Idaho Farm Service Agency (FSA) Acting Executive Director, Aaron Johnson has announced that farmers and ranchers still have time to apply for low interest 2014 loans available through FSA's direct farm ownership program. The deadline to submit applications is Sept. 30, 2014. Eligible producers can borrow up to $300,000 in direct farm ownership loans to buy or enlarge a farm, construct new farm buildings or improve structures, pay closing costs, or promote soil and water conservation and protection. The interest rate on select loans can be as low as 1.5 percent with up to 40 years to repay. "Family farms who wish to expand or beginning farmers who want to get started have an extraordinary opportunity for low-interest loans to make their dreams come true," said Johnson. "There are no backlogs or waiting for funding. If you've dreamed about starting a farm, or if you're looking to strengthen your farm, we want to help."
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